The Washington Examiner reported that Nike would lay off 740 workers at its Oregon headquarters

Nike is set to lay off at least 740 employees from its Oregon headquarters. The sportswear giant is preparing for an anticipated revenue drop. Nike is expected to cut 740 workers from its headquarters in Oregon, Washington state. The company is preparing to face a revenue drop in the coming months.

Nike had in December announced a cost savings plan for $2 billion over the next three years. In February, Nike said it would cut about 2% of its total workforce, or more than 1,600 roles. Nike had about 83,700 employees as of May 31, 2023.